Better Business, 5/e

Objective 5-5 Financing Considerations

1. Compare the potential benefits and drawbacks of each major source of small business financing.

Source: Newscom

Fred DeLuca began his sandwich shop in 1965 when he was 17. He had just graduated from high school and was concerned about his ability to pay for college with his $1.25-per-hour minimum-wage job at a local hardware store. A family friend, Dr. Peter Buck, suggested that Fred open a sandwich shop. All he needed to do was to rent a shop, build a counter, buy some food, and make the sandwiches. ...